Chapter 11 Bankruptcy

Finding Relief for Small Business Owners

High net-worth individuals and small businesses need relief from large debts when their circumstances change but chapter 13 and chapter 7 bankruptcy do little to help reverse mounting financial pressure. That’s why chapter 11 bankruptcy is often worth considering for those individuals and businesses with complex debt problems and assets with significant value.

If you are facing collections actions by your creditors, consider reorganization of your business debt. High net worth individuals and business owners with debt relief often face significant challenges in attempting to protect their assets under the U.S. Bankruptcy Code. Chapter 11 bankruptcy is employed mostly by corporate entities seeking protection from creditors’ actions against them. Contact a Sacramento bankruptcy attorney, for a free initial consultation to learn the options for small business owners.

Owning and operating a small business in Northern California means you put your financial life on the line every day. Even a minor downturn in business can result in juggling payments to creditors. Within months, your vendors can begin cutting off supplies, and creditors can start squeezing you for money you don’t have.

Sacramento Small-Business Bankruptcy Attorney, Advising on Automatic Stays and Preventing Collections Actions

When your business files for bankruptcy protection under Chapter 11, the creditors’ collections actions pending against you in court are stopped immediately, including mechanic’s liens and repossession of your business property. I will begin working with your creditors and vendors immediately to find a solution for repaying your debts under a court-supervised debt reorganization plan. In most cases, interest payments will be reduced, and penalties and fees that have accumulated can be significantly reduced or eliminated. The Liviakis Law Firm has earned a reputation among business creditors and bankruptcy trustees for resolving complex business debt issues with common sense, intelligent solutions that make sense for all parties.

Use Business Debt Reorganization to Build a Successful Future fWith the Help of a California Business Debt Reorganization Lawyer

Every business operates on cash flow. If meeting your debt obligations has significantly affected your capacity to fill orders or meet payroll, we might be able to help you get the debt relief you need.

We represent clients in communities throughout Sacramento County, El Dorado County and Placer County, California. Get a free initial phone consultation with an experienced, knowledgeable Sacramento small-business bankruptcy lawyer who is ready to help you start building a secure financial future. The bankruptcy lawyer that you select for chapter 11 bankruptcy will make a difference in the outcome of your case and the outlook of your financial future.